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Business/Financial

Lockheed Martin To Acquire Satellite Launch Services Business

By Cal Biesecker

Thursday, May 29th, 2014

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Lockheed Martin To Acquire Satellite Launch Services Business

ASO's processing facility in Titusville, Fla. Photo: Astrotech

Lockheed Martin [LMT] on Thursday said it has agreed to acquire the satellite launch services assets of Astrotech Corp. [ASTC], a provider of spacecraft launch preparation services. Lockheed Martin didn’t disclose the deal terms and said they are immaterial. Astrotech said Lockheed Martin is paying $61 million for the Astrotech Space Operations (ASO) business, which has 39 employees, and accounts for almost all of the company’s sales. ASO had $23.9 million in sales the year-ended June 2013 and $3.1 million…

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